Westrock Coffee surged 10.46% intraday trading following recent insider purchases totaling $1.127 million, including a $127,000 transaction by Group President William Ford and a $1 million purchase by Independent Director R. Kruczek at $7.01 per share. These buys, despite the stock’s current price of $3.92 and a recent annual loss, signaled strong insider confidence in the company’s long-term prospects. The transactions, combined with insiders owning 17% of shares, reinforced market perceptions of alignment between leadership and shareholders, driving immediate optimism.
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